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iode
@iode
The Bitcoin options market is indicating that there is little chance that the top cryptocurrency will reach $100,000 or higher before the end of the year. According to recent data from the well-known exchange Deribit, there is only a 9.58% chance that Bitcoin will cross the $100,000 mark before the end of December. Financial instruments known as options, which are derivative contracts, provide the buyer the right—but not the responsibility—to purchase or sell the underlying asset on or before a given date at a fixed price. A put option protects against declines in price, whereas a call option gives the right to purchase (a bullish position).
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